Lancaster, OH
Neighborhood Type: B-
Lancaster, OH
Neighborhood Type: B-
This was my tenth investment property. This property was my Second property in Ohio. I bought in OH to find Multi-Family properties because I did not like the neighborhoods where the Multi-Family properties were in Memphis. This is a Triplex. 1 SFH(Single Family Home) 3br/1ba & 1 Duplex with 2 – 1ba/1ba units. This property needed exterior & interior painting, new light fixtures, and cleaning. I later found out that there are some moisture issues in one of the duplex units that need addressing immediately. It was harder to get rented and In this property We have some Section 8 tenants. I took this property on to expand into MFH’s. I feel that Lancaster is going to appreciate in the future.
HOME:
5 Bed/4 Bath 2980 Square Feet
PURCHASED:
$220,000
REHAB:
$20,000
CURRENT VALUE:
$221,000
HOME:
5 Bed/4 Bath 2980 Square Feet
PURCHASED:
$220,000
REHAB:
$20,000
CURRENT VALUE:
$221,000
MONTHLY CASH FLOW:
$335
MONTHLY CASH FLOW:
$335
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